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I E. TRANSFER OF PROPERTY; ASS!.H-1PTION 84,--1 .2S&! r The following Paragtaph 24 is hereby adopted: 24. Transfer of Property; Assum~tion. Notwithstanding the provisions of Paragraph 17 hereof, Lender shall wa option to accelerate under Paragra~h 17 if (1) priotto sUCh~ale"o*dt Borrower notifies Lender of the proposed tt'8nsaetion"~nd'i' sel!.,th..' given any information it may request in order toevaluac:e",the'Pa1" the Property is being sold or transferred, (2) Lender de'terminelJ'J' discretion, that assumption of the loan by the PtopOlle~::"p transferree will meet standards of creditworthiness and'.secu~:I.'fy::; acceptable to it, which standards shall, insofar as maybe'prjl'l:1;i'cl," same underwriting standards as are then applied by Lencler'in:collll making a new loan, (3) the person to whom the Prollertyis 'to:,~.i:!lO]( transferred executes a written assumption agreement accepted in"'wr,t'til:'J'i;b'd:,: Lender, agrees to pay an assumption fee which shall be equal",to"':~ii.":; origination, discount and other fees, char,gesand processingicos,tll,"cc:.hll!l1i:" charged by Lender on similar new loans, and agrees to an inere..." ill;':" applicable maximum interest rates as provided below, and (4)nootbill'i:pef'lf exist under the Security Instrument or the Note. This Paragraph 24 shall only apply to a sale or transferconsUllllla'Udipl'iCl;iito'" conversion of the loan to fixed interest rate and payQIentunderParagrapb4,ofi" the Note. Upon an election of Borrower to convert to a'fiXed' Tate,,:allcl;ii payment, the provisions of this Paragraph 24 shall terminate and stul11 :have:.lto:,:' force and effect on any sale or transfer consummated thereafter. Tbe:maxiwwa~ interest rate provided in Paragraph 4(b) of the Note shall beincreasecl.'b'j"'<l.' percent, consecutively, for each assumption pursuant to this Paragraph ,24\ Any such increase will be effective on the first Change Date followitig Lender's offer to approve the assumption if such transaction is thereafter consullllll8ted. ;'~ By signing this, Borrower agrees to all of the above. (Borrower) j ;/ /fA ~~14;.1 Il7 (Borrower) L TMC-029 (qc) (Page 2) Rev 2/84 (CAP 5)